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They could devalue their currency if they wanted to, if they had their own currency instead of the Euro
by dharma1 10y ago
They could devalue their currency if they wanted to, if they had their own currency instead of the Euro
- cmdkeen 10y agoWhich is what Greece, Italy etc would be doing if they weren't in the Euro. Germany wouldn't devalue as that involves increasing money supply which would drive inflation, the German post war banking system is built to have a massive fear of inflation.